Orbsat Corp. (OTCMKTS:OSAT – Get Free Report)’s share price dropped 20.9% on Tuesday . The company traded as low as $1.42 and last traded at $1.48. Approximately 1,353,474 shares traded hands during mid-day trading, an increase of 1,061% from the average daily volume of 116,585 shares. The stock had previously closed at $1.87.
Orbsat Price Performance
The business’s 50-day simple moving average is $1.49 and its two-hundred day simple moving average is $1.62. The company has a debt-to-equity ratio of 0.01, a current ratio of 15.27 and a quick ratio of 14.48.
About Orbsat
Orbsat Corp. engages in the provision of satellite based services and solutions for commercial, government and individual users. The firm’s services include satellite communication solutions, emergency location systems, high-speed satellite internet and global asset and personnel monitoring, customized ground station systems and custom product design.
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